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FindLaw Newsletters Stay up-to-date with how the law affects your life Code SectionUtah Code 78B-5-501, et seq.: Utah Exemptions ActMax. Property Value That May Be Designated 'Homestead'$5,000 if property is not primary personal residence, $20,000 if property is primary personal residenceMaximum Acreage (Urban)-1 more row
Residential properties that serve as the property owner's or a tenant's primary residence for a minimum of 183 days per calendar year receive an exemption of 45% of fair market value. As a result, the primary residence is only assessed and taxed based on the remaining 55% of its fair market value.
Property Tax CB75+ Deferral: If you are 75 or older and qualify for property tax deferral, you won't need to pay the tax each year, but it will accrue with interest.
Most homeowners in Utah receive a 45% exemption from property tax on their home (primary residence). A primary residence is defined as a home that serves as someone's primary domicile and is occupied for at least 183 consecutive days in a year.
The primary residential exemption is a 45% property tax exemption on most homes in Utah. This means you only pay property taxes on 55% of your home's fair market value. You may be eligible for the primary residential exemption if you occupy your home for 183 consecutive days or more in a calendar year.
General Information. The Utah State Constitution, Article XIII, § 3, allows County Assessors to exempt from taxation 45% of the fair market value of residential property and up to one acre of land. Statute defines residential property, for purposes of the exemption, to be a primary residence.